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Nov 24, 2012
11/12
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they're saying even though we don't want these tax hikes we're willing to bring in more tax revenue. pete: speaker boehner's reference to the obamacare was in an op-ed he wrote in "the cincinnati enquirer" this week. what is that all about? is that a way of showing the voters how tough they still are and making it easier than to compromise? >> that seems to be what it is. it seems to be a little bit of a tactic and maybe a sop to the base. a lot of conservative republicans are worried about what they see as republicans going squishy. because you have republicans saying that they are willing to abandon the grover norquist no ta pledge. you have republicans making very conciliatory noises about immigration reform. and so the base is concerned that the party is basically just going to go along with democrats on everything. so that may have been a way to reassure conservatives that he hasn't abandoned them. pete: all right, molly. everything here seems to be continued but this is certainly one of them. while avoiding the fiscal cliff will prevent the economy from sliding down into recess
they're saying even though we don't want these tax hikes we're willing to bring in more tax revenue. pete: speaker boehner's reference to the obamacare was in an op-ed he wrote in "the cincinnati enquirer" this week. what is that all about? is that a way of showing the voters how tough they still are and making it easier than to compromise? >> that seems to be what it is. it seems to be a little bit of a tactic and maybe a sop to the base. a lot of conservative republicans are...
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Nov 21, 2012
11/12
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MSNBCW
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the tax fight gets shorthanded as raising taxes on rich people. but the first $250,000 of income will be taxed the same as it is now. it stays the same. no additional taxes. no matter how much additional money you make beyond that fresh hold. you may pay a higher rate over $250,000, but purposely reducing your income to under a dollar, is hilarious. so consider had a public service announcement to people of means. or if you prefer, to moneyed americans. if somebody tries to reduce you to reducing your income on purpose to $249,999.99, if somebody tries to talk you into doing that, they are teasing you. it's a hoax to tease you for not understanding math and how taxes work. if you're not a person of money but you know such a person fallen into this trap, it's your choice to leave them floundering for your amusement while they purposely reduce their income to no rational effect. or you can do the right thing and help them understand how marginal tax rates work. class warfare is just a >>> a few months after president obama was inaugurated in 2009, t
the tax fight gets shorthanded as raising taxes on rich people. but the first $250,000 of income will be taxed the same as it is now. it stays the same. no additional taxes. no matter how much additional money you make beyond that fresh hold. you may pay a higher rate over $250,000, but purposely reducing your income to under a dollar, is hilarious. so consider had a public service announcement to people of means. or if you prefer, to moneyed americans. if somebody tries to reduce you to...
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Nov 21, 2012
11/12
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CNNW
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> the diplomatic effort to halt the violence between israel and gaza further complicated after a bomb rips through a public transport bus in the heart of tel aviv injuring 24 people. though they didn't claim responsibility, a tweet from hamas militants to israelis following the attack quoting -- you opened the gates of hell on yourselves. authorities say 142 people
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the...
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Nov 22, 2012
11/12
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CNNW
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it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone who works really hard, an entrepreneur works really hard. you're talking about the people who initially are going to get, teresa heinz kerry, warren buffett, people who have massive amounts of money. they're hit the hardest, right? >> absolutely. the proposal i wrote had an exemption for households up to $500,000 in wealth that, is exempting 80% of american households right there. >> how did you draw that line? i can imagine there is all kinds of cheating that is going to happen around that line. or even on the bentley. people are go
it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone...
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you know sharing information online in his case they believe that he used it when he was helping out tax transferred and distribute it spiles among members of law but because sexual predators can also use tor he's just as dangerous as them and so now he's going to be denied bail just last question and i mean bigger picture you know we sort of started off this statement talking about why this wasn't necessarily a great week for attack. and not so much for type of but for people who use technology for you know who have made it a part of their lives and for privacy rights i mean is there light at the end of the tunnel where we can hopefully what really we've been seeing for the last couple of months there's so many efforts on a congressional level to try to pass cyber security legislation and we already know that congress is having a hell of a hard time on their part trying to do that so ideally we can we can rely on the court system to take these little discrepancies but looks like we really can't right now but hopefully these cases are getting the media attention slowly but surely that ar
you know sharing information online in his case they believe that he used it when he was helping out tax transferred and distribute it spiles among members of law but because sexual predators can also use tor he's just as dangerous as them and so now he's going to be denied bail just last question and i mean bigger picture you know we sort of started off this statement talking about why this wasn't necessarily a great week for attack. and not so much for type of but for people who use...
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Nov 26, 2012
11/12
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FOXNEWSW
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what's the one tax rate going up january 1st that no one's talking about? the payroll tax. remember that? it was cut from 12 to 10%. i gather the republicans have no problem -- i don't know -- but letting working class and middle class americans have a 2% tax increase. that's not currently the republican position that the payroll tax cut should be extended. they're happy to let it go because god forbid they cut entitlements for wealthy seniors. we have a collusion among the elites of both parties. the one tax that goes up january 1, if there's a deal s payroll tax, which i think is wrong. republicans have a opportunity to be champions of the working class. >> kirsten, some democrats are saying let's go over the cliff. everybody's tax rates are going to go up and then the president in january can go to congress and say now it's 39.6% and whatever it is for middle class and i'll present a plan that will cut the tax rates of 98% of people, are you prepared now, when the rate is already up, to oppose that? >> the problem with that plan is it's dangerous because we don't know ho
what's the one tax rate going up january 1st that no one's talking about? the payroll tax. remember that? it was cut from 12 to 10%. i gather the republicans have no problem -- i don't know -- but letting working class and middle class americans have a 2% tax increase. that's not currently the republican position that the payroll tax cut should be extended. they're happy to let it go because god forbid they cut entitlements for wealthy seniors. we have a collusion among the elites of both...
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Nov 21, 2012
11/12
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CURRENT
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no new taxes pledge. grover norquist's pledge. but now with the fiscal cliff looming, lawmakers who were once staunchly against raising revenues seem to be changing their tone a little bit. and grover norquist's influence may be fading fast. >> fewer and fewer people are signing this pledge. >> the pledge is dead. >> i'm not saying it's dead but i am saying the majority of members of congress see the fiscal cliff we want to sit down and we want to get something worked out. >> if you appropriate some of the money you achieved by eliminating deductions and loopholes to the national debt, even though that may technically violate the pledge, sign me up. that's a reasonable accommodation for a republican to make. >> jennifer: for the record, that was senators john mccain and lindsey graham so the question is this grover norquist's last stand? here with an answer is donnie fowler. donnie of course, democratic strategist and great political operative. welcome back into "the war room." is it grover norquist's las
no new taxes pledge. grover norquist's pledge. but now with the fiscal cliff looming, lawmakers who were once staunchly against raising revenues seem to be changing their tone a little bit. and grover norquist's influence may be fading fast. >> fewer and fewer people are signing this pledge. >> the pledge is dead. >> i'm not saying it's dead but i am saying the majority of members of congress see the fiscal cliff we want to sit down and we want to get something worked out....
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Nov 21, 2012
11/12
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what are you willing to commit to if you get the tax cuts the president and party is demanding? >> sure. well, we have got to reach across the aisle and with the fiscal cliff, both sides have to put everything on the table and do what's best for all mitt romneys and that's not just me talking about it. that's what i heard continually from the people in my district and that's a big reason of why we won the race. my way or the highway doesn't work in politics. we have to be serious about getting our country back on the right track. >> congressman, you're part of a changing demographic. the house democratic caucus is no longer majority white male. women and minorities and people such as yourself now are the majority of this caucus. how's that going to change decisions that are made? >> well, it is historic and i am proud to be among a new, diverse congress that will -- that really reflects all of america. you know, we were elected to be the voice of america and to represent their issues. and, you know, as someone who grew up here in las vegas, my district is very diverse. we have 2
what are you willing to commit to if you get the tax cuts the president and party is demanding? >> sure. well, we have got to reach across the aisle and with the fiscal cliff, both sides have to put everything on the table and do what's best for all mitt romneys and that's not just me talking about it. that's what i heard continually from the people in my district and that's a big reason of why we won the race. my way or the highway doesn't work in politics. we have to be serious about...
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Nov 22, 2012
11/12
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CNNW
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. >> you can increase the estate and gift tax with a wealth tax of 1.5%. it should be graduated and progressive. the most important issue is to deal with wealth inequality. which is much more severe. getting worse, getting worse for the last 20 years, and the only countries in the world that have more than 10 million people, close to how bad it is, in this country are all in africa and latin america. >> we're not necessarily talking about someone who works really hard, an entrepreneur that works hard, you are talking about the people initially -- teresa heinz kerry, warren buffett, that's who will be hit the hardest? >> absolutely. the proposal had an exemption of proposals with up to $500,000 in wealth. that exempts most households right there. >> how did you draw that line? even on the bentley, people will say it has dents and it's not worst much. how do you have that? >> we have a lot of cheating with income tax and with a wealth tax, i'm sure people would try to cheat on that as well. we might have to have high slightly higher rates. but fighting wealt
. >> you can increase the estate and gift tax with a wealth tax of 1.5%. it should be graduated and progressive. the most important issue is to deal with wealth inequality. which is much more severe. getting worse, getting worse for the last 20 years, and the only countries in the world that have more than 10 million people, close to how bad it is, in this country are all in africa and latin america. >> we're not necessarily talking about someone who works really hard, an...
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Nov 27, 2012
11/12
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let's tax the wealthy. well, what is wealthy? sunday that as 10 million in the bank, had a good year. there is not a clear picture of what the definition of that is. melissa: even if they are in daer, but this does not hurt the warren buffett's of the world and that they n't mind it, but a whole bunch of people who have saved for retirement under trying to live off those investments and dividends. it's going to hurt them instead. i don't lose sleep over tha. but we do worry about the much smaller investor, maybe he doesn't impact the market where you think. they share care about this. >> that is entirely reasonable position to take, but it is also a little bit, let's say condescending to think that those people don't know what is best for them. melissa: i didn't say they don't know what's best for them. the amount they have available to investors less. they don't have a lot of extra dollars. >> i wasn't trying to indicate that you were saying that. those people tend to be reacting to the news that obama was reelected in a way tha
let's tax the wealthy. well, what is wealthy? sunday that as 10 million in the bank, had a good year. there is not a clear picture of what the definition of that is. melissa: even if they are in daer, but this does not hurt the warren buffett's of the world and that they n't mind it, but a whole bunch of people who have saved for retirement under trying to live off those investments and dividends. it's going to hurt them instead. i don't lose sleep over tha. but we do worry about the much...
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done anything wrong at all that or end up being with these high prices which are sort of a regressive tax actually if you think about it. so that's one thing that i would say the other thing i would say is that approximately sixty percent of the people in jails around the country are unconvicted so they haven't they haven't been to trial they have been convicted of anything and they're still being forced to pay these high rates so you know i would respond to people by saying that it's mostly the families of people in prison that pay their rates and their knees and there's even a good portion of people in jails that have nothing convicted of an interest and want to ask i don't know if this is a way to get around over what about collect calls on people with family members and presents a generally receive collect calls is that a different system is that a way to circumvent these higher rates know the high rates apply to both the collect call and the prepaid calls most calls made from prisons in jail or collect and the rates are the highest for the collect call them the other way that prisone
done anything wrong at all that or end up being with these high prices which are sort of a regressive tax actually if you think about it. so that's one thing that i would say the other thing i would say is that approximately sixty percent of the people in jails around the country are unconvicted so they haven't they haven't been to trial they have been convicted of anything and they're still being forced to pay these high rates so you know i would respond to people by saying that it's mostly...
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Nov 22, 2012
11/12
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FBC
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if you tax everybody that obama is talking about taxing, the most you could cut off the someg insanely small. that will not do anything. the message has to be to cut spending and until that resonates with americans, have to realize the economy will keep declining. melissa: ho huggies is a spendig problem, not a revenue problem? >> the left is always going to try to appeal to the low information voter. so we have to take information, make it really simple, on complicated and communicated in a narrative that can be marketed to the masses of people. if you take the tax increases of those making over $250,000 per year, it is a drop in the bucket. 56 billion sounds like a lot of money we're talking about reducing the deficit to something like 1.15 trillion bit of 1.2 trillion. we have to communicate that we have to keep sticking it to them to say that debt is on our children and future and some point the grim reaper will take itack so we have some point when people are hurting bad enough realizing obama has not come in and saved us yet, maybe then they will start listening. >> thank you. me
if you tax everybody that obama is talking about taxing, the most you could cut off the someg insanely small. that will not do anything. the message has to be to cut spending and until that resonates with americans, have to realize the economy will keep declining. melissa: ho huggies is a spendig problem, not a revenue problem? >> the left is always going to try to appeal to the low information voter. so we have to take information, make it really simple, on complicated and communicated...
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Nov 21, 2012
11/12
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they tax everything that goes through. nobody can dig a tunnel, operate a tunnel, without paying taxes, officially or unofficially. so there is a feeling that hamas is in a sense turned gaza into its own business. and how -- do people know where all of the rocket batteries are? where hamas is? we ourselves are trying to figure out is there hamas in a building where we are, there might be a strike? do people know everything about the locations of hamas installations? >> fwgaza is a small place. 1.5 million, 1.7 million people. everybody here seems to everybody everybody else, know who their family, what their family background is, so people have a good idea of who is hamas and who isn't. on the other hand, they aren't strangers, palestinians, gazans, like everything else, so they have an ability to sort of slip around and not be -- sort of conceal their identity. but people are very aware of sort of everyone's basic inclinations. >> really interesting, anne marie. when you talk to israeli officials like the ambassador, they
they tax everything that goes through. nobody can dig a tunnel, operate a tunnel, without paying taxes, officially or unofficially. so there is a feeling that hamas is in a sense turned gaza into its own business. and how -- do people know where all of the rocket batteries are? where hamas is? we ourselves are trying to figure out is there hamas in a building where we are, there might be a strike? do people know everything about the locations of hamas installations? >> fwgaza is a small...
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Nov 22, 2012
11/12
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we passed it in the house to keep the tax rates where they are, to stave off the fiscal cliffs. and democrats say we won't pass anything that extends the ratings for everybody. so the question is, what does this opening move look like. i don't think there will be much agreement on even what the opening move looks like, moving forward. >> we don't want to be pessimistic, it is almost thanksgiving, let's all just wish each other happy thanksgiving, and wish all of our politicians to come back afterwards and just get some deals done. thank you both very much for joining me. >> thank you for having us. >> and we'll be right back. con- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now trade up to get a 2012 chevy silverado all-star edition with a total value of $9,000. from outstanding value to standing the test of time, chevy runs deep. well, having a ton of locations doesn't hurt. and my daughter loves th
we passed it in the house to keep the tax rates where they are, to stave off the fiscal cliffs. and democrats say we won't pass anything that extends the ratings for everybody. so the question is, what does this opening move look like. i don't think there will be much agreement on even what the opening move looks like, moving forward. >> we don't want to be pessimistic, it is almost thanksgiving, let's all just wish each other happy thanksgiving, and wish all of our politicians to come...
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have really we live facing this tax burden from the spanish state on the spanish state machinery are trying to fear campaign cancel and so we are european see the signs and know there's not such a presser that that the we would be out of the european union and seven a half million of people suddenly enough how that would be more difficult actually to manage to good order when it's necessary to be out and says not a consideration and we don't believe we're going to be out of the european union like a scotland are not going to be outside european union just because we are exercising universal rights as is the universal right of such a nation. we're talking of the most here. coming up in a few minutes it's made only of modern tie is but often is the opportunity to report from a small makeshift beda when school solenn that's. the mission taking the children only place to study social grace. waves of corruption are rocking russia hundreds of millions of dollars vanished for apec building projects and russia's got a nice satellite project a real estate scandal has also led to the defense m
have really we live facing this tax burden from the spanish state on the spanish state machinery are trying to fear campaign cancel and so we are european see the signs and know there's not such a presser that that the we would be out of the european union and seven a half million of people suddenly enough how that would be more difficult actually to manage to good order when it's necessary to be out and says not a consideration and we don't believe we're going to be out of the european union...
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Nov 21, 2012
11/12
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we know there will be a lot of tax increases going into effect. americans are going to to be shocked and many things are going to trigger, expiration of the bush tax cuts or increases in affordable health care act and penalties. there are so many things that are going to trigger to increase taxes not only on individuals but businesses and certainly even upon state budgets. >> greta: what is overriding all of this, the reason we're going off the fiscal cliff is because a year and a half ago the congress and president and senate didn't do this work and pushed it up against a deadline. the reason you don't know what is happening with the state guidelines, they had a healthcare claw lau for two years. i know you are a member of congress but nobody is doing any work to get anything done. frankly if you don't know what the rules are, how can you set up the exchange on the promise they are going to do it right later and they don't have a history of doing things right? >> i don't think they're going to have the money to do it in the first place. we're in
we know there will be a lot of tax increases going into effect. americans are going to to be shocked and many things are going to trigger, expiration of the bush tax cuts or increases in affordable health care act and penalties. there are so many things that are going to trigger to increase taxes not only on individuals but businesses and certainly even upon state budgets. >> greta: what is overriding all of this, the reason we're going off the fiscal cliff is because a year and a half...
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Nov 22, 2012
11/12
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tax the rich? no, tax the wealthy. wealth is something you build over time. shows itself in the forms of superexpensive assets. mansions, boats, expensive wine. 41 days from the fiscal cliff and bitter partisan deadlock, we want to test drive another idea, where the wealthy would pay more, but tax rates on people who work might not go up. is this the buff rhett rule really should have been? we have david altman, and daniel, great to see you. what is amazing to me, reading your proposal here, that would tax the wealthy as opposed to the rich, it's against the constitution right now to tax wealth in this country. >> that's right. can't have a direct tax like that. we needed a constitutional amendment to get the income tax back, so we need another amendment. it's 100 years later, let's update for the 21st century. >> i want to change the voting day. i'm all for it. let's break down your math. if we taxed wealth, where people accumulate over time. 2010, 58 trillion dollars. if you put 1.5% tax, $870 billion. that's a lot of money. more than we got on income tax t
tax the rich? no, tax the wealthy. wealth is something you build over time. shows itself in the forms of superexpensive assets. mansions, boats, expensive wine. 41 days from the fiscal cliff and bitter partisan deadlock, we want to test drive another idea, where the wealthy would pay more, but tax rates on people who work might not go up. is this the buff rhett rule really should have been? we have david altman, and daniel, great to see you. what is amazing to me, reading your proposal here,...
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the people of spain's mice prosperous and most tax region will choose a new parliament on sunday their choice could ultimately decide whether to cut the loan e.-l. will remain a part of spain or go it alone after being stricken by the financial demands of central government. has the story. there's a wind of separatism blowing through europe at the moment and it's reached the northeastern shores of spain catalonia is the latest region to officially our spring independence is something people here have long felt in their hearts but now they're feeling it in their pockets. i think it's a good idea to be in the band them from. a country. which is. really really bad situation it's a bargain for. it's a bargain for the group good god cats and i'm flags can be seen hanging from balconies throughout barcelona reflecting a growing desire for home rule under a drive to break away from the central government in madrid this weekend's local election is being fought on that issue alone catalan president for mass has made it the centerpiece of his campaign this convergence union party to hold an inde
the people of spain's mice prosperous and most tax region will choose a new parliament on sunday their choice could ultimately decide whether to cut the loan e.-l. will remain a part of spain or go it alone after being stricken by the financial demands of central government. has the story. there's a wind of separatism blowing through europe at the moment and it's reached the northeastern shores of spain catalonia is the latest region to officially our spring independence is something people...
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they are collecting all the taxes the qatari government collects only five per cent of all taxes collected in catalonia then they give us back very. money and they don't pay your their debts and then with the markets that are close to debts two for interest we need this in general then at the end he was forced to ask for a bailout to the spanish government but this is something that is very tricky putting the first to put the tax issue aside we had an under formal report little earlier that there's a strong lobby against separatism and particularly a business lobby saying this would be a disaster for us we wouldn't be able to do business with spain itself we'd also not be able to do business with the e.u. until we actually join the e.u. if that's likely to happen in the short term this really could undermine confidence not just in catalonia but also spain itself and it's possibly the worst time to do this is not what this week is that these are red campaign that they are doing. directed by the union is not in your nearest star to sing in catalonia and in massively from madrid now the fact
they are collecting all the taxes the qatari government collects only five per cent of all taxes collected in catalonia then they give us back very. money and they don't pay your their debts and then with the markets that are close to debts two for interest we need this in general then at the end he was forced to ask for a bailout to the spanish government but this is something that is very tricky putting the first to put the tax issue aside we had an under formal report little earlier that...
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Nov 24, 2012
11/12
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tax loopholes. speaker boehner says i'm willing to break it and do the latter on deductions and exemptions and saxby chambliss the senator said it's time to ditch grover and his pledge, is it? >> all bets are off. i mean, listen, we're in a mess and all bets are off and we shouldn't be held to political organizations that are influencing our elections in terms of getting this mess taken care of, but you know, listen, i have a novel idea for the president. why doesn't he public size an itemized list of his spending cuts he's prepared to put on the table before asking american people to pay taxes. i mean, it's simple. when you have a credit card debt and you don't ask other people to pay for it or you don't borrow money to pay the interest on it, you make hard choices on your discretionary spending from a weekly basis or a monthly basis, this is just a business that's been run poorly and it's-- >> would you agree the president doesn't have a terribly good track record when it comes for proposals for b
tax loopholes. speaker boehner says i'm willing to break it and do the latter on deductions and exemptions and saxby chambliss the senator said it's time to ditch grover and his pledge, is it? >> all bets are off. i mean, listen, we're in a mess and all bets are off and we shouldn't be held to political organizations that are influencing our elections in terms of getting this mess taken care of, but you know, listen, i have a novel idea for the president. why doesn't he public size an...
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producing a fifth of the country's economic output but it pays around sixteen billion euros a year more in taxes than it gets back in madrid which has in turn insisted public services into austerity cuts. this is not fair i mean we are the ones who're. doing our best in mccormick reasons we cannot have all the weight of this measure and the central government for us is the one who is spending the most and not in the best way last september barcelona witnessed one of the largest separatist rallies here since the nineteen seventies over one and a half million catalans took to the streets to call for independence but the path to becoming a new european state is far from smooth the proposed referendum is against the spanish constitution what's more withdrawing from spain could also force this region to drop out of the european union those against separatism believe it could do more harm than good. separatism for catalonia would be an economic disaster multi-national companies located in barcelona for access to the spanish working and being in the e.u. that would be lost which more even of separatism
producing a fifth of the country's economic output but it pays around sixteen billion euros a year more in taxes than it gets back in madrid which has in turn insisted public services into austerity cuts. this is not fair i mean we are the ones who're. doing our best in mccormick reasons we cannot have all the weight of this measure and the central government for us is the one who is spending the most and not in the best way last september barcelona witnessed one of the largest separatist...
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Nov 21, 2012
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so they want extension of current tax rate and spending levels. >> it seems a prudent course of action is figure out a bridge that takes us for some for of time. avoid issues fruition on january 1. >> the top republican said jeff sessions sent this letter to the top four leaders in congress saying if they are planning extension of unemployment insurance, offset for the changes must be achieved through real safings. not gimmicks like baseline saving from future war spendings that is not expected to occur. the markets won't reout well to staying the course. >> the worst thing that can happen is we put a temporary fix in. deal with it next year. >> senator joe manchin says it's important for washington to seize the moment. >> i believe with the election behind us ve a short period to do something monumental for country and generation. i hope we take advantage of it. i do. >> the uncertainty led wal-mart and other manufacturing companies to decide to pay quarterly dividends in december instead of january. threat of massive spending cut led to boom for lobbyists. the web site open secrets r
so they want extension of current tax rate and spending levels. >> it seems a prudent course of action is figure out a bridge that takes us for some for of time. avoid issues fruition on january 1. >> the top republican said jeff sessions sent this letter to the top four leaders in congress saying if they are planning extension of unemployment insurance, offset for the changes must be achieved through real safings. not gimmicks like baseline saving from future war spendings that is...
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Nov 21, 2012
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january 1 comes and basically back before the bush tax cuts. and then everything becomes a negotiation of what then becomes added to a tax cut, not removed from a baseline. that may be politically very viable. >> gentlemen, thank you. martin, thank you. >> thank you. >> keith, zachary, happy holidays to all three of you. you're right in front of me. breaking news to pass on right in front of me about congressman jesse jackson jr. resigning from congress. house speaker boehner's office confirming they have received jackson's resignation letter. more details on this after the break but again, congressman jackson jr. is resigning after just winning re-election there in his illinois district. we are back with much more after this. >>> it's time for the "your business" entrepreneur of the week. christine wants you to shop small. the onner of wonder works believes in cooperation instead of competition. she has a section dedicated to locally made products to make sure that her customers dollars stay local. for more watch sunday mornings at 7:30 on msn
january 1 comes and basically back before the bush tax cuts. and then everything becomes a negotiation of what then becomes added to a tax cut, not removed from a baseline. that may be politically very viable. >> gentlemen, thank you. martin, thank you. >> thank you. >> keith, zachary, happy holidays to all three of you. you're right in front of me. breaking news to pass on right in front of me about congressman jesse jackson jr. resigning from congress. house speaker...
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wealthy it has an economy the size of portugal is but the terms of the number in terms of the size of taxes they pay it's much more to central government than they actually get back from madrid in terms of investments in schools and hospitals so they're annoyed about that and particularly when you consider that unemployment here is around twenty five percent so if a referendum does happen i suppose you could say that you would expect people to vote in favor of it although i say that those people who are against separatism do point out that if catalonia does withdraw from spain it could also mean it has to drop out of the european union and not many people in catalonia would be in favor of that if that turns out to be the case. maybe they would prefer the status quo said there are a lot of ifs and buts but what we do know as a result of today's election there is a growing sentiment nationalism and a sense for independence here in catalonia all right appreciate you staying on top of this we know that you'll be following this as this unfolds and performer in spain. and more disunity in europe
wealthy it has an economy the size of portugal is but the terms of the number in terms of the size of taxes they pay it's much more to central government than they actually get back from madrid in terms of investments in schools and hospitals so they're annoyed about that and particularly when you consider that unemployment here is around twenty five percent so if a referendum does happen i suppose you could say that you would expect people to vote in favor of it although i say that those...
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even to have its own sources of income it's only you taxes that of course is pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people are just loathe to accept a situation where they're going to get any more money. while europe's ruggles to find a common way forward some regions are looking for ways to go it alone in spanish cut the line and people are set to go to the polls to elect a regional government which could see a referendum on its independence artie's enter farmer has the details. there's a wind of separatism blowing through europe at the moment and it's reached the northeastern shores of spain catalonia is the latest region to officially aspirate independence is something people here have long felt in their hearts but now they're feeling it in their pockets. i t
even to have its own sources of income it's only you taxes that of course is pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people are just loathe to accept a situation where...
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region itself a rich pretty wealthy it has an economy the size of portugal's but it pays far more in taxes to the spanish government that actually receives back in terms of investment from from madrid and that is something that annoys some people here unemployment is at around twenty five percent and also people are having to endure tough austerity measures at the moment but nothing is a done deal because after mass does need to record an absolute majority in order to be able to push through this referendum otherwise he would be forced to form some sort of coalition there is a sticking point too in that the referendum is actually against the spanish constitution and the spanish prime minister. has said he will fight it with some elements of the spanish media are actually saying that after mass could find himself arrested so nothing is clear cut at the moment and even though opinion polls do suggest that the majority of people are in favor of independence there is a strong lobby who are against separatism and their arguments are based on the economy too they say that if catalonia is forced
region itself a rich pretty wealthy it has an economy the size of portugal's but it pays far more in taxes to the spanish government that actually receives back in terms of investment from from madrid and that is something that annoys some people here unemployment is at around twenty five percent and also people are having to endure tough austerity measures at the moment but nothing is a done deal because after mass does need to record an absolute majority in order to be able to push through...
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Nov 22, 2012
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we've passed it in the house to keep the tax rates where they are to stave this off for a moment. and democrats say we won't pass that because we want the rates to go up for the top bracket. so the question is, what does this opening move look like? i don't think there will be much agreement on even what the opening move looks like, moving forward. >> we don't want to be pessimistic, it is almost thanksgiving, let's all just wish each other happy thanksgiving, and wish all of our politicians to come back afterwards and just get some deals done. thank you both very much for joining me. >> thank you for having us. >> and we'll be right back. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. on any new volkswagen. try running four.n
we've passed it in the house to keep the tax rates where they are to stave this off for a moment. and democrats say we won't pass that because we want the rates to go up for the top bracket. so the question is, what does this opening move look like? i don't think there will be much agreement on even what the opening move looks like, moving forward. >> we don't want to be pessimistic, it is almost thanksgiving, let's all just wish each other happy thanksgiving, and wish all of our...
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control over national member states budgets even to have its own sources of income it's only you taxes that of course he's pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people are just loathe to accept a situation where they're going to get any more money as europe is struggling to find a common path separatist feelings are growing in some regions and they certainly seem to be dominating the local elections in catalonia or over half of the residents say that they want to make an independent state this with economic turmoil exasperating desires for sovereignty artie's andrew farmer is in barcelona for us well the polls have opened today in an election which could represent a step towards any final break up of spain and it is because the cattle i am president are the masse
control over national member states budgets even to have its own sources of income it's only you taxes that of course he's pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people...
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ male announcer ] this holiday, give your family the greatest gift of all -- peace of mind. with the adt after thanksgiving sale. get adt home security and home management starting at just $99. that's a savings of $300. plus 15% off accessories. call now or visit adtpulse.com/tv. sale ends midnight november 27th. more than a security system, adt can help you turn on a few lights. bring family in from the cold. even let you know when an old friend has arrived. get the advanced technology of adt and save $300. starting at $99 installed. pulse save on accessories. call now or visit adtpulse.com/tv. sale ends midnight november 27th. >>gregg: the cease-fire between israel and hamas seems
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ male announcer ] this holiday, give your family the greatest gift of all -- peace of mind....
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incentive but the tax incentive is not why most people do it. it impacts how much people are able to give. >> republicans argue against increases in tax rates for fear it will discourage job creation by hitting small business owners who file as individuals. they prepare a limit on deductions perhaps a cap total deductiones by any one tax paper. in addition to rate increases, president obama last his own plan on deductions to limit them to 28%. >> so, in other words, if you were in the 35 or the 33% tax bracket. you could only deduct 28% of the cost of say, charitable contributions. >> charities don't care what form it takes, they are so worried about any tax plans targeting the wealthy, representatives of dozens of charities will converge on washington on december 5th to urge lawmakers to spare charities whatever they decide to do. gregg? >> gregg: jim angle in washington. thanks. some holiday shopper also be able to get same day delivery on the post office. they will launch that in san francisco cost 10 bucks. you have to order online by 3:00 p
incentive but the tax incentive is not why most people do it. it impacts how much people are able to give. >> republicans argue against increases in tax rates for fear it will discourage job creation by hitting small business owners who file as individuals. they prepare a limit on deductions perhaps a cap total deductiones by any one tax paper. in addition to rate increases, president obama last his own plan on deductions to limit them to 28%. >> so, in other words, if you were in...
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Nov 22, 2012
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the first stair look like, and the republicans pass legislation, and we passed it to keep all of the tax rates where they are, to stave off the fiscal cliff and democrats say that we won't pass that bill, we want the rates to go up on the top bracket, and we won't pass anything that extends the race, what does the opening move look like? i'm somewhat pessimistic, there won't be much agreement on what the opening move will look like moving forward. >> let's not be pessimistic. it's thanksgiving, cease-fire in the middle east. let's all just wish each other happy thanksgiving, and wish all our politicians come back and get some deals done. thank you, both, for joining me. >> thank you. >> thank you for having us. >>> this friday night, your more identity theft. by the time this holiday season is over, an estimated 1.2 million identities may be stolen. every time you pull out your wallet, shop online or hit the road, you give thieves a chance to ruin your holiday. by the time you're done watching this, as many as 40 more identities may be stolen. you can't be on the lookout 24/7, but lifelo
the first stair look like, and the republicans pass legislation, and we passed it to keep all of the tax rates where they are, to stave off the fiscal cliff and democrats say that we won't pass that bill, we want the rates to go up on the top bracket, and we won't pass anything that extends the race, what does the opening move look like? i'm somewhat pessimistic, there won't be much agreement on what the opening move will look like moving forward. >> let's not be pessimistic. it's...
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Nov 22, 2012
11/12
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the first stair look like, and the republicans pass legislation, and we passed it to keep all of the tax rates where they are, to stave off the fiscal cliff and democrats say that we won't pass that bill, we want the rates to go up on the top bracket, and we won't pass anything that extends the race, what does the opening move look like? i'm somewhat pessimistic, there won't be much agreement on what the opening move will look like moving forward. >> let's not be pessimistic. it's thanksgiving, cease-fire in the middle east. let's all just wish each other happy thanksgiving, and wish all our politicians come back and get some deals done. thank you, both, for joining me. >> thank you. >> thank you for having us. ♪ you are my sunshine, my only sunshine ♪ ♪ you make me happy [ female announcer ] choose the same brand your mom trusted for you. children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. of pain and fever relief recommended by pediatricians try running four.ning a restaurant is hard, fortunately we've got i
the first stair look like, and the republicans pass legislation, and we passed it to keep all of the tax rates where they are, to stave off the fiscal cliff and democrats say that we won't pass that bill, we want the rates to go up on the top bracket, and we won't pass anything that extends the race, what does the opening move look like? i'm somewhat pessimistic, there won't be much agreement on what the opening move will look like moving forward. >> let's not be pessimistic. it's...
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fiscal point of view catalonia is very mistreated by say the spanish government of each europe paid in taxes by catalan citizens and businesses in the last twenty years only fifty cents has been spent in catalonia so it makes a lot of sense in catalonia has a g.d.p. per capita. than that of denmark and the european union is made up of a lot of countries that is more than in that have up operations north than ten million an abbott and so it is normal that you have to just stick to our to our local national government that is close to your preferences and then you belong to the latter unity secular read unities. now to some of today's news in brief this at least five people have been reportedly killed and more than seventy injured by a bomb attack in northwest pakistan the blast went off in a shop on the roof of a shia muslim procession the taliban has already claimed responsibility for the attack it's the second explosion to hit the district in less than twenty four hours taking the number killed over the weekend to thirteen days blast comes despite attempts to mobile phone services which the
fiscal point of view catalonia is very mistreated by say the spanish government of each europe paid in taxes by catalan citizens and businesses in the last twenty years only fifty cents has been spent in catalonia so it makes a lot of sense in catalonia has a g.d.p. per capita. than that of denmark and the european union is made up of a lot of countries that is more than in that have up operations north than ten million an abbott and so it is normal that you have to just stick to our to our...
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control over national member states budgets even to have its own sources of income it's only you taxes that of course he's pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people are just loathe to accept a situation where they're going to get any more than money. but some regions are see europe's financial troubles as a reason to take a step away from the indebted countries spanish cut the lawn yet set to vote for its local government with separate as parties are to take the lead that's ahead for you after the shop break. which is slow often enough and knows that to ride a horse you've got to catch it first. for him it's a daily routine that you're soft as a force breeder on the island of a horn at the heart of. his life on an isolated farm is about blue sky green grass an
control over national member states budgets even to have its own sources of income it's only you taxes that of course he's pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people...
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we have facing this tax burden from the spanish state and. who do all of that sort of draw all the trade and export be severely damaged if catalonia did lose its e.u. status and that's what many businesses are worried about are they. well we have to understand that actually spain now ordered it on the spanish state machinery and trying to fear campaign cancel and so we are european cities and no there's not such press of that that we would be out of the european union seven a half million of people suddenly in a house that would be more difficult actually to manage who to order what is necessary to be out and it's not a consideration and we don't believe we're going to be out of the european union like a scotland i'm not going to be outside the european union just because we are exercising universal rights as he's the grosser right of subtlety to nation talk about democracy and catalonia of course is a major contributor to the spanish economy if it moves away from spain then court of course that would have a major impact on the spanish econom
we have facing this tax burden from the spanish state and. who do all of that sort of draw all the trade and export be severely damaged if catalonia did lose its e.u. status and that's what many businesses are worried about are they. well we have to understand that actually spain now ordered it on the spanish state machinery and trying to fear campaign cancel and so we are european cities and no there's not such press of that that we would be out of the european union seven a half million of...
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credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that you got to pay part of that revenue toward that debt just like every single american that owns a home pays part of their monthly revenue toward their mortgage debt. it's exactly the same thing. the problem that grover and i have, he says if you do that, that's a tax increase, because the rest of it is going to go to lowering tax rates, and that's not 100% going to lowering tax rates. >> sean: if you're talking about $1.1 trillion or $1.2 trillion in revenue, that's raising taxes. people will pay more. when people pay more -- >> no. >> sean: they're no
credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that...
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control over national member states budgets even to have its own sources of income it's only you taxes that of course he's pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people are just loathe to accept a situation where they're going to get any more money. still to come this hour the wind off separately from people of spain the one you are going to the polls to choose a new parliament. of independents dominating. the un says it will send that space to the rain and you see how this data can improve in four i think human rights record of leading opposition party to continue to protest . that and that and plenty more stories in just a few minutes. trimmings in this tree even for specialists a voice can produce several sounds it kwame's between aeons the art of throat singin
control over national member states budgets even to have its own sources of income it's only you taxes that of course he's pushing it too far it's gone far too far in the wrong direction which is centralization and it powers were turned i think the atmosphere in europe would be a lot better off course in terms of the britain's own deficit and the debts that the u.k. has it is a small amount that the european union's asking for because the european union has already taken so much power people...